I don't know if this is the best place to post this on the site, but I have been offered an opportunity of a small client list (approx. 7k) that would be ideal for me to takeover.
However, he is asking for 'GRF' of 1.25, which seems to mean he wants 8.75k for the business. I happen to think that is extortionate for an income stream that is in no way guaranteed. Although he has offered the list to me in 2 halves to try and lessen the risk.
He is in his early 70's and to say he's old school is a massive understatement. So I would be keen to hear your thoughts as to what you would advise is the next step for me to go forward with? And a typical accepted way to measure or pay such a transaction?